Denmark’s ATP records -40.9% return amid turbulent markets

ATP Group, Denmark’s largest pension fund, has posted returns of -40.9 percent, driven by large negative returns in the investment portfolio due to the turbulent market conditions.

The pension fund noted that it generated DKK -56.8 billion (-$8.1 billion) of returns in 2022.

“2022 ended up being an unusual year,” said ATP in a Feb. 9 news report. “For ATP, steep interest rate hikes and major stock market declines resulted in comprehensive losses on our investments. This rare combination of events hit ATP hard, but there are no changes to the pensions being paid out.”

The overall result for the year reflects that the financial losses were greatest at the start of 2022 and that the year ended with positive returns and a positive result for the fourth quarter if viewed independently.

The negative result for 2022 follows several years with high returns. During the past five years (including 2022), the accumulated net returns have been DKK 10 billion